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Philip Morris is betting on e-cigarettes and new flavors as it feels the heat from Juul and KT&G

The maker of Marlboro cigarettes wants to avoid getting smoked by its rivals.

Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions

Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.

Oil is surging as traders brace for the UK’s response to Iran’s seizure of a British-flagged oil tanker

"Investors need to carefully watch the developments in Strait of Hormuz," one analyst wrote, as a fifth of global oil supply passes through it.
An employee holds a leaf of a medical cannabis plant at Pharmocann, an Israeli medical cannabis company in northern Israel January 24, 2019.

Welcome to Cultivated: An an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom

Welcome to Cultivated, our weekly newsletter on the multibillion-dollar global cannabis boom.

Stocks are jumping after two Fed officials signal rate cuts are coming — ‘it pays to act quickly’

"When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress."
Ray Dalio, founder of Bridgewater Associates.

Ray Dalio backs gold as a top investment if central banks cut rates

The hedge-fund boss said the best investments will "do well when the value of money is being depreciated and domestic and international conflicts are significant."

Trump’s right on the money: IMF finds the US dollar is overvalued, the Euro is undervalued for Germany

"Whilst Trump has never been the biggest fan of the IMF, he may very well be now!"

Stocks are dropping as traders worry about the US-China trade war, Iran tensions, and weak earnings

"The escalation will be gradual: the strategy of the Trump administration is to slowly squeeze the life out of the Chinese economy, not to push it into recession."

Bank of America Merrill Lynch beats Wall Street forecasts with record second-quarter earnings

Bank of America Merrill Lynch announced second-quarter earnings results on Tuesday.

Bitcoin tumbles after US lawmakers take aim at Libra — ‘Facebook has burned down the house over and over’

Bitcoin plunged 16% after Sherrod Brown joined Donald Trump, Steven Mnuchin, Jerome Powell, and others in attacking Facebook's planned cryptocurrency.